This guide previously stated Lisgar’s rent as a median of about $2,400, credited to Zolo, and Streetsville’s as an estimated $2,060–$2,680 for a 1–2 bedroom apartment with a $3,295 median house rent. None of those matched a current source. Streetsville’s figures now come from Zumper’s 14 September 2026 reading ($2,200 all units). Lisgar has no Zumper figure, and its Zolo listings on that date split into suites at $1,300–$2,190 and whole homes at $2,900–$5,500, so the guide now gives those two ranges instead of a single number. Home prices were also moved to a single same-day basis: the guide previously compared Malton’s $802,295 and Lisgar’s $1,061,045 (older average sale prices) with a $1,090,000 midpoint for Streetsville that had no traceable source, a $288,000 spread. It now uses Zolo’s average listing price for all three, read 14 September 2026 ($731,000, $1,163,000 and $1,186,000), and every property tax, land transfer tax and down payment figure was recalculated.
- Malton, Streetsville and Lisgar each have their own on-site GO station — the first of our three neighbourhood comparisons where all three sides do, rather than one or two — yet their average listing prices still span $731,000 to $1,186,000, a gap of $455,000.
- Malton's Kitchener-line station runs direct to Union with no bus transfer — objectively strong transit — and it is still the cheapest of the three by a wide margin, because Pearson Airport's flight paths and industrial neighbours are what the market is actually discounting.
- Streetsville’s walkable heritage village core and GO access price it level with the Mississauga average ($1,186,000 against $1,188,000 on average listing price), which is still $23,000 above Lisgar and $455,000 above Malton.
- Lisgar lists close to Streetsville on paper ($1,163,000 against $1,186,000) but carries a documented, decades-long basement-flooding problem that residents estimate has cost the community roughly $125 million — price that in before treating it as the cheaper twin.
- Property tax on the average listing price spans $7,953 to $12,903 a year across the three, and Ontario land transfer tax spans $11,095 to $20,195, a swing of $9,100 at closing.
- All three are majority-owner neighbourhoods (75–77% own rather than rent) with thin, inconsistently reported rental markets — unlike Mississauga's apartment-dense areas, which is why no single clean rent comparison exists across all three.
Same Station Type, Different Price: The $455,000 Question
Seven of Mississauga's 14 tracked neighbourhoods have their own on-site GO station — it isn't rare on its own. What's rare is a comparison where every neighbourhood in it has one. In our Erin Mills vs. Churchill Meadows vs. Meadowvale comparison, only Meadowvale has a station. In our Clarkson vs. Port Credit vs. Lorne Park comparison, Clarkson and Port Credit do, but Lorne Park doesn't. Malton, Streetsville and Lisgar are different: all three have a station built directly into the neighbourhood, with no bus connection required. On paper, transit access should not be the variable separating them.
It isn't. Line them up by average listing price and the order is Malton, then Lisgar, then Streetsville, with $455,000 separating the top and bottom.
| Neighbourhood | GO line | Station | Avg. listing price | Price rank |
|---|---|---|---|---|
| Malton | Kitchener | Malton GO — direct to Union, no transfer | $731,000 | Cheapest |
| Lisgar | Milton | Lisgar GO — on-site | $1,163,000 | Middle |
| Streetsville | Milton | Streetsville GO — on-site | $1,186,000 | Priciest |
Two of the three sit on the same line. Streetsville and Lisgar are both Milton-line stations — Union, Kipling, Dixie, Cooksville, Erindale, Streetsville, Meadowvale, Lisgar, Milton, in that order — so a Streetsville commuter and a Lisgar commuter are riding the identical train, just boarding one stop apart. Malton is on a different line entirely, the Kitchener line, but its own numbers describe a direct run to Union with no bus transfer — a genuine transit advantage, not a consolation prize.
“Three neighbourhoods, three stations, one train each, and a $455,000 gap that has nothing to do with the commute.”
The Three Neighbourhoods at a Glance
Malton sits in Mississauga's northeast corner, bounded roughly by Highway 427, Finch Avenue and the Etobicoke border, with Pearson International Airport sitting partially inside its boundary. It developed through the 1960s and '70s around aviation and manufacturing employment, and that industrial backbone — warehousing, logistics, air cargo — still shapes both its job base and its housing discount today. Read the full Malton cost guide.
Lisgar sits at the city's northwest edge bordering Milton, built out largely in the 1990s and 2000s as an owner-occupied, commuter-family community. Its defining financial fact isn't its GO station, which is a genuine asset — it's a documented, decades-long basement-flooding problem tied to the low-lying, clay-heavy soil parts of the neighbourhood were built on. Read the full Lisgar cost guide.
Streetsville began as an independent village on the Credit River, annexed into Mississauga in 1974, and it's one of the only neighbourhoods in the city that still has a genuine walkable main street — Queen Street South's shops and cafés, heritage building stock, and the annual Bread and Honey Festival. Zolo ranks it #3 of Mississauga's 26 neighbourhoods on a combined score of sale speed and price strength. Read the full Streetsville cost guide.
Buying: What the $455,000 Spread Costs Beyond the Price
As with any Mississauga comparison, the purchase price is only the headline. Property tax and land transfer tax both scale with price, so the gap widens once it's carried through to what actually leaves your account.
| Cost | Malton | Lisgar | Streetsville |
|---|---|---|---|
| Average listing price | $731,000 | $1,163,000 | $1,186,000 |
| Property tax, per year | $7,952.56 | $12,652.29 | $12,902.51 |
| Property tax, per month | $662.71 | $1,054.36 | $1,075.21 |
| Ontario land transfer tax | $11,095.00 | $19,735.00 | $20,195.00 |
| 20% down payment | $146,200 | $232,600 | $237,200 |
Buying at the average Streetsville listing price instead of the average Malton one costs $4,949.95 more per year in property tax alone: $412.50 a month, every month, before a single dollar of mortgage interest. Lisgar sits almost as high, at $4,699.73 more per year than Malton. Over ten years at a flat rate, either gap is worth well over $46,000, and the rate has not been flat.
Land transfer tax adds another $8,640 to $9,100 to the gap, payable in cash on closing day, not amortised. You can run your exact land transfer tax against a specific asking price, and the property tax estimator handles the annual side.
The property tax figures above are calculated off market price for a fair comparison, but real bills use MPAC's frozen January 1, 2016 assessed values — and Malton's ward carries the lowest typical assessed range of all 11 Mississauga wards, at $350,000–$580,000. That means Malton's actual property tax bill is likely to run below even the discounted figure shown here, on top of already having the lowest purchase price of the three.
Renting: Why There's No Clean Comparison Here
Unlike the buy side, renting doesn't line up into one tidy table across these three — and that's a finding in itself, not a gap in the research. All three neighbourhoods run 75–77% owner-occupied, well above Mississauga's apartment-heavy neighbourhoods, so each has a thinner rental market. Malton and Streetsville can be measured the same way; Lisgar cannot.
| Neighbourhood | Published rent figure | What it measures |
|---|---|---|
| Malton | $2,471/mo | All-unit median (Zumper, 14 September 2026) |
| Lisgar | $1,300–$2,190 / $2,900–$5,500 | Live listings, two groups: suites / whole homes (Zolo, 14 September 2026) |
| Streetsville | $2,200/mo | All-unit median (Zumper, 14 September 2026); $2,150 1-bed, $2,599 2-bed |
Malton’s $2,471 and Streetsville’s $2,200 are both Zumper all-unit medians from the same 14 September 2026 reading, so those two can be compared, with the usual caution that each rests on fewer than 20 listings. Lisgar has no Zumper figure at all. Its live listings on Zolo split into two groups with a gap between them: basement and lower-level suites at $1,300–$2,190 and whole houses, townhouses and upper units at $2,900–$5,500. A single “median rent” for Lisgar would describe neither group, so none is given here. If you’re renting in Lisgar, decide first whether you are looking for a suite or a whole home.
The one genuinely striking number is Malton’s: the cheapest neighbourhood of the three to buy does not rent cheaply to match. At $2,471 on the 14 September 2026 reading it sits $171 above the city-wide average. That figure has moved by as much as 6% between readings a few weeks apart, but its direction has held: on the current reading Malton’s affordability case is a buyer’s case specifically, not a renter’s.
What's Actually Being Priced In
If the transit is equal, something else explains a $455,000 spread. Each neighbourhood has one clear, well-documented answer.
Malton: Pearson's flight paths
Malton’s average listing price sits about $457,000 below the city’s $1,188,000, roughly $4,970 a year less in estimated property tax at those prices (Zolo, 14 September 2026). Homes closer to Pearson's flight paths and its industrial corridors trade noise and air-quality concerns for a lower price per square foot than almost anywhere else in Mississauga. It's not reflected in any single line item on a closing statement — it shows up directly in the resale numbers instead.
Streetsville: the heritage village premium
Streetsville’s average listing price sits level with the city’s, but $23,000 above Lisgar’s and $455,000 above Malton’s. Homes within a five-minute walk of Streetsville GO routinely command a further premium over comparable homes elsewhere in the neighbourhood. You're paying for a genuine, walkable small-town core with heritage building stock and a Credit River setting that most of the rest of the city simply doesn't have.
Lisgar: a documented flood-risk discount
Parts of Lisgar were built on former low-lying wetland with clay-heavy soil that traps stormwater and pushes groundwater into basements — flooding dates back to 2008, and residents have estimated the collective community cost at roughly $125 million. That figure is a resident estimate reported by local media, not an official City total, and flood exposure varies lot by lot. The City is installing pumping stations along Sixteen Mile Creek to reduce infiltration — two operating since 2021 and 2025, a third due in 2026, a fourth in 2027 — but until that program is complete, this affects two wallet items directly: sewer-backup insurance premiums and eligibility, and resale. See our home and tenant insurance guide for what overland-water and sewer-backup coverage actually costs.
Lisgar's gap to Streetsville is the one most likely to move
Two of Lisgar's four planned pumping stations are still to come — one due in 2026, one in 2027. If they materially reduce flood incidents, Lisgar's price discount against Streetsville (about $23,000 on average listing price as of 14 September 2026) has a real reason to narrow, since the flood story is the main documented difference between two otherwise similar Milton-line villages.
Malton's gap is a different kind of number. Pearson's flight paths and industrial zoning are structural — nothing scheduled would move them — so treat the roughly $430,000–$455,000 listing-price spread between Malton and the other two as durable, not cyclical.
Who Each Neighbourhood Is Actually For
Malton
Buyers who want the lowest entry price into Mississauga home ownership with a genuine, direct downtown GO line attached. At a $731,000 average listing price it undercuts Streetsville by $455,000 for the same GO-station convenience. Price in the airport noise honestly — it's real, and it's why the discount exists — and don't assume it's the cheap option if you're renting, because on the latest reading it isn't.
Lisgar
Buyers who want Streetsville-adjacent pricing without paying the full village premium, and who are comfortable doing real diligence on flood exposure at a specific address. Get a sewer-backup and overland-water insurance quote before you make an offer, not after — on a flood-documented street, the premium difference can meaningfully close the gap with Streetsville.
Streetsville
Buyers who specifically want the walkable-village lifestyle and are willing to pay the city-average price for it, about $23,000 more than Lisgar on average listing price. It's the priciest of the three, but it's also the one with the least ambiguity about what you're paying for — Queen Street South, the heritage stock, and a direct GO line are not a discounted-for-a-reason story the way Malton and Lisgar are.
Same transit tier, three different trade-offs — price the trade-off, not the train
Lowest price, best transit-to-price ratio: Malton. A direct, no-transfer Union line and the cheapest homes of the three by a wide margin — if you can accept the flight paths and the industrial neighbours, the math is not close.
Best all-round value if flood risk checks out: Lisgar. It prices close to Streetsville without the full village premium, but that gap is conditional on a clean flood-risk check at the specific address, not a neighbourhood-wide guarantee.
Pay for the lifestyle, not the transit: Streetsville. All three stations get you downtown; only Streetsville gets you a walkable heritage main street. That is what its price over Lisgar and Malton is actually buying.
📋 North Mississauga Checklist — Before You Sign or Make an Offer
- Don't shop on "has a GO station" alone. All three do, and the gap between their average listing prices is still $455,000. The station gets you to the same place; it doesn't explain the price.
- Price the property tax before the mortgage. The gap between the average Malton and Streetsville listing price is $412.50 a month in tax alone. Run your specific target price through the property tax estimator.
- Budget land transfer tax in cash. It ranges from $11,095 to $20,195 across these three and is due on closing day, not amortised. Model your exact amount.
- If you're looking in Lisgar, get a flood and sewer-backup insurance quote before you offer. Ask specifically about overland-water and sewer-backup coverage and pricing for the address, not the neighbourhood in general.
- If you're looking in Malton, spend time near the property during a flight pattern. The discount is real, but so is the noise — visit at different times of day before deciding it's worth it.
- Check the rental basis before comparing rents. Malton’s $2,471 and Streetsville’s $2,200 are Zumper all-unit medians and can be compared. Lisgar’s listings split into suites ($1,300–$2,190) and whole homes ($2,900–$5,500), so compare against the group you actually need.
- Confirm your commute is actually downtown. Streetsville and Lisgar are Milton-line, Union-bound; Malton is Kitchener-line, also Union-bound. If you're headed to Brampton, Kitchener-Waterloo or the airport instead, re-run this comparison against your actual destination.
Sources
Home prices and rents are third-party market estimates (Zolo average listing prices read 14 September 2026; Zumper rent research read 14 September 2026) and are directional indicators rather than transaction records. Average listing prices for all three neighbourhoods and for Mississauga ($1,188,000) were read directly from Zolo on 14 September 2026. Malton's MPAC assessed range and airport/industrial character are from our Malton cost guide. Streetsville's Zolo #3-of-26 ranking is from our Streetsville cost guide. Lisgar's flood-risk history, the $125 million resident cost estimate, and the Sixteen Mile Creek pumping-station timeline are from our Lisgar cost guide; the flood-cost figure is a resident estimate reported by local media, not an official City total. Property tax figures are calculated by MississaugaWallet at the City of Mississauga's 2026 residential rate of 1.087901% (By-law 0061-2026) applied to the prices shown; actual bills use MPAC values frozen at January 1, 2016. Land transfer tax is calculated on the published Ontario schedule, with no municipal land transfer tax, which Mississauga does not levy, and no first-time buyer rebate applied. Milton-line and Kitchener-line station order and routing are per Metrolinx. Ward numbers and councillors (Ward 5 · Natalie Hart, Ward 10 · Sue McFadden, Ward 11 · Brad Butt) are from the City of Mississauga, as published in our Property Tax 2026 guide. Mississauga's $2,300 all-unit average rent (14 September 2026) is from our renting guide.
This article originally described Malton, Streetsville and Lisgar as "three of the only Mississauga neighbourhoods with a GO station built directly inside them." That overstated it — 7 of the 14 neighbourhoods this site tracks have their own on-site GO station (Cooksville, Streetsville, Meadowvale and Lisgar on the Milton line; Port Credit and Clarkson on Lakeshore West; Malton on the Kitchener line). What's actually true, and what this piece is about, is that this is the first of our three neighbourhood comparisons where every neighbourhood being compared has one — unlike the west-end trio (only Meadowvale) or the south-end trio (Clarkson and Port Credit, not Lorne Park). The Key Takeaways box and the opening section have been corrected to state this accurately. No price, tax, or comparison figure on this page was affected.